2012 Salary Model & Benchmarking Report
Compare your salary to that of your peers employed by similar institutions. NASFAA’s updated Salary Model allows you to enter a number of 2011-12 variables that have been found to be important in determining salary ranges for various positions in a financial aid office. The model will generate a custom report that measures your salary level against other positions at institutions operating in similar circumstances.
The Salary Model is based on data collected from a survey of NASFAA members conducted November through December 2012. The results of this survey are fully described in the NASFAA Salary Model Report: Key Factors That Impact Salaries of Financial Aid Staff. The report provides an overview of the parameters used in developing the Salary Model and helps you interpret your results.
Before You Begin
There are two versions of the Salary Model - a short abbreviated model and an enhanced model. The short model does not require additional data gathering. The enhanced model requires some additional data gathering from the 2011-12 award year, but will provide a better calibrated estimation of salaries. The following data are required for the enhanced model:
- Number of FAFSAs received for 2011-12 (this number includes prospective and enrolled students)
- Total aid disbursed from all sources for 2011-12
- Total amount of Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans disbursed in 2011-12 Award Year
- Number of undergraduate students in 2011-12 (If a FISAP reporting institution, enter the number from Part II, Section D, question 7a of 2012 FISAP)
- Number of graduate students in 2011-12 (If a FISAP reporting institution, enter the number from Part II, Section D, question 7b of 2012 FISAP)
- Total amount of Federal Pell Grant expenditures in the 2011-12 award year (if a FISAP reporting institution, enter amount from Part II, Section E, question #23 of 2012 FISAP)
- Total amount of campus-based funds spent in the 2011-12 award year (if a FISAP reporting institution, enter amount from Part VI, Step 1, question #4 of 2012 FISAP).
If all or some of these questions can be answered, please have the information readily available before using NASFAA’s 2012 Salary Model. If the information is not available, you may still use the shorter, abbreviated salary model.
This calculator is based on data from a survey of financial aid offices, and is intended to serve as a benchmark for what institutions are actually paying, not what they ought to be paying. Thus, if the salaries of the surveyed institutions are less than optimal, then the averages predicted through this normative model will also be less than optimal.
Download 2012 NASFAA Salary Model Report PDF
Publication Date: 4/25/2013